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Middle-men, traders creating havoc by pushing up price of cotton

COIMBATORE: Seeking immediate intervention of Union Textile Minister
Piyush Goyal to protect the knitwear garment sector, Tirupur Exporters’
Association (TEA) Monday accusedmiddle-men and traders of creating a
havoc by jacking up the price of cotton during the cotton arrival season.
In a letter to Goyal a copy of which was made available, the TEA said the 11 per
cent total import duty existing on cotton has been the reason for the
cartelisation of players to increase the domestic cotton prices and make an
abnormal profit. PTI